If you haven’t heard already, the Massachusetts Department of Energy and Resources (DOER) has officially announced the end of the ever so popular Solar Renewable Energy Certificate (SREC) Program. Yes, what a shame!

The MA SREC program has been touted for years as one of the best, if not the best solar incentive program in the country. Basically, when you install a solar system on your home, business or nonprofit, you get paid for the production of your solar power plant. Yes, PAID.

How SRECs Work: For every 1,000 kWh produced, you get 1 SREC. An average single family home producing 8,000 kWh a year of solar power, would get 8 SRECs, which is equal to over $1,500 a year. Best of all, the DOER gives you 10 years of SREC’s. So $1,500 a year is really equal to $15,000 over 10 years.